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July 25, 2014

Homework Help: Math

Posted by Elena on Monday, December 10, 2012 at 8:57pm.

Christine currently has $5000 in her 401(k) and plans to contribute $100 each month for the next 30 years into it. What will be the value of Christine's 402(k) in 30 years if the per annum rate of return is assumed to be 12% compounded monthly?

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